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Using the expression of cash flows, show an MNCs valuation model algebraically for t = 1, 2, , n periods and j = 1, 2,

Using the expression of cash flows, show an MNCs valuation model algebraically for t = 1, 2, , n periods and j = 1, 2, , m countries/currencies. Be precise. M N C s V a l u e = t = 1 {

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